Purposeful Investing. Positive Impact.
At India Resurgence Fund (IndiaRF), our investments embody a dual responsibility: delivering financial returns to our investors and creating measurable positive impact for our communities and nation.
ESG Agenda
Sustainability has emerged as an imperative in the contemporary investing agenda, with stakeholders demanding greater accountability for environmental, social, and economic impacts. Recognising this universal need for transparency and responsibility, we are proud to present our inaugural Sustainability Report.
ESG Journey
-
2018
- Began the ESG journey by creating an ESG Policy and Guidance document
-
2020
- Conducted ESG due diligence for first investments
- Implemented first ESAP to improve portfolio ESG performance
- Began annual ESAP monitoring and refinement
- Onboarded Operating Partner to lead Operating team
-
2021
- Strengthened Operating team with senior ESG resource
- Enhanced ESAP governance and monitoring cadence
-
2022
- Appointed a dedicated ESG officer to oversee portfolio-wide initiatives
- Refined ESG Policy into a measurable ESG Strategy document
- Developed ESG strategy roadmap with focus areas and material topics
- Conducted peer benchmarking to assess ESG maturity
- Designed ESG Index to measure ESG performance and impact
-
2023
- Established our ESG Strategy as a formal roadmap and initiated our first sustainability reporting cycle
- Completed materiality assessment and identified four ESG focus areas
- Designed ESG Index applicable to all portfolio companies
- Expanded ESG expert network across portfolio and partners
-
2024
- LEAP material topics for all portfolio companies with annual targets.
- ESG Index and scoring framework.
- Assessing and mitigating climaterelated risks across investments.
- Key appointments:
- QHSE Head - Impresario
- Process Safety team - Synthimed
- ESG Coordination - Livasa Hospitals
- EHS leadership - Anthea 2020 Aromatics
-
2025
- GHG baseline for mature companies (Scope 1 & 2) with decarbonization goals
- Continuation of LEAP framework implementation
ESG Approach
We collaborate with portfolio companies to drive a positive impact on the environment and society.
Environment
- To align our operations and investments towards being environmentally responsible.
- To be resource-efficient throughout our portfolio companies and operations.
- To reduce operational waste generated by the portfolio companies and protect bio-diverse areas in the project surroundings.
Social
- To promote diversity across all levels and encourage an inclusive culture.
- To ensure the health, safety, and well-being of all employees as well as create a workplace where employees feel valued and can bring out the best in themselves.
- To create positive impact for nearby communities.
Governance
- To align our operations and investments towards being environmentally responsible.
- To be resource-efficient throughout our portfolio companies and operations.
- To reduce operational waste generated by the portfolio companies and protect bio-diverse areas in the project surroundings.
ESG Framework
At IndiaRF, we are dedicated to integrating ESG factors into our investments to drive sustainable returns. We have established a robust and impactful ESG framework that aligns with our responsible investment objectives.
ESG KPIs
Life at Work
Strengthening workforce participation and promoting equitable employment opportunities.
Energy and Resource Efficiency
Driving operational improvements that reduce energy intensity and emissions.
Affirmative Action
Encouraging inclusive practices that empower underrepresented groups.
Participatory Development
Engaging stakeholders, especially communities, in shaping responsible outcomes.
IndiaRF ESG Impact
ESG Index Outcomes and Strategic Integration
| Company | ESAP Implementation | LEAP Implementation | Company ESG Score |
|---|---|---|---|
| Calicut Expressway | 7.70 | ||
| Synthimed | 8.00 | ||
| Livasa Hospitals | 9.95 | ||
| Impresario | 7.70 | ||
| SETCO Automotive | 8.93 | ||
| IndiaRF | (Average) | (Average) | 6.97 |
Disclaimer
The report represents IndiaRF’s view as of the date of this presentation and is subject to change. Activities are a representative list and not exhaustive. The noted case studies are presented for illustrative purposes only. The companies identified herein do not represent all the investments made by IndiaRF. The level of ESG integration may vary by strategy.